date:Aug 06, 2014
Nigerian business conglomerate Dangote Industries has announced plans to invest around $1bn in rice production and processing operations across the country.
A memorandum of understanding to this effect was signed between Dangote and the Federal Ministry of Agriculture and Rural Development.
The investment amount will be used in the establishment of two advanced integrated rice mills, which will have a combined capacity to mill120,000 metric tons of rice per day.
Additionally, the company has